1 Year Fixed Deposit - State Bank of India

1 Year Fixed Deposit

State Bank of India
0.5 % AER
Headline Interest Rate
Fixed
For 12 months
FSCS
Compensation Scheme
£ 10,000 min initial deposit
£ 5,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 0.5 % AER
Headline Interest Balance: £ 10,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 10,000
Date account was introduced: 06 Mar 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£10,0000.50%0.50%0.50%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: maturity
Minimum Balance: £ 10,000
Maximum Balance: £ 5,000,000
Statement Frequency: not issued
Additional Deposits: Not allowed
Standing Orders: Not allowed
Account Certificate: Account Certificate available.

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during term of account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No free withdrawals are allowed.
Transferred on Maturity: Upon maturity the balance will be transferred to an account of the customer's choice.

Conditions

Additional Account Required: To be eligible for this account applicants must also open a seperate savings or current account by post or in branch. There is no need to use this account and it can be left with a nil balance once the bond has been open.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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